"With cost-cutting a top priority for UK firms, the Budget's biggest impact will come from measures that reduce input costs. But with potential tax rises, it's fair to wonder how much more UK PLC can take before they simply pass more costs on to their customers. After a year of persistent inflation raising the cost of raw materials, US tariff chaos and shifting trade policies,"
"Ivalua's report, Managing Cost Without Compromise: Sustaining Margins While Staying True To Values, surveyed 300 UK supply chain and procurement decision makers. It found that cost pressures don't just impact the business and their customers, but can ripple across supply chains, putting the stability of suppliers at risk. Key findings show that: Suppliers hanging by a thread: 55% of UK businesses say it's only a matter of time until some of their key suppliers go under due to cost pressures"
Seventy-one percent of UK businesses have passed increased costs onto customers, representing about 4.04 million companies. Seventy-three percent say lowering costs has become more of a priority in the last 12 months, while 68% believe an intense focus on cost reduction will harm the business long term. Cost pressures threaten supplier stability: 55% expect key suppliers may fail, 36% report suppliers have already gone out of business, and 19% have had suppliers cut ties. Sixty-one percent report closer collaboration with suppliers to reduce overall costs. Budget and tax rises risk further cost pass-throughs to households amid inflation, tariffs, and geopolitical disruptions.
Read at London Business News | Londonlovesbusiness.com
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